World News by Wild Rose

Funds raised through Hong Kong initial public offerings (IPOs) doubled in the first nine months of 2026, reaching the highest level for the period since records began in 1980. A total of 112 companies raised US$48.4 billion on Hong Kong’s main board during the first nine months, according to data released by LSEG Data & Analytics on Wednesday. A further two companies listed on the city’s Growth Enterprise Market (GEM). By deal count, the combined total of 114 new listings on the main board and...

Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs). Automated equipment manufacturer RoboTechnik Intelligent Technology was the largest company to make its debut, having raised HK$5.18 billion, but its shares traded nearly 10 per cent below the offer price in morning trading. Shenzhen Kinwong...

Zhuhai Amicro Technology, a Xiaomi-backed chipmaker, is preparing to begin premarketing for a Hong Kong initial public offering (IPO) of more than US$100 million as early as this week, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) last week, clearing the final regulatory hurdle for a share sale in the city, the people said, requesting anonymity because the information is private. According to...

Hong Kong aims to adjust listing rules to grab a share of initial public offerings (IPOs) by mainland China’s space companies as activity in the sector increases in line with Beijing’s priorities and heightened activity in the sector following the blockbuster June listing by Elon Musk’s SpaceX. That could lead to more head-to-head competition between the Hong Kong stock exchange and the Shanghai Stock Exchange, which is now drawing a majority of such listing applications, including commercial...

Yuen Kee Food Group, the owner of well-known restaurant brand Yuen Kee Dumpling, has cleared its listing hearing with the Hong Kong Exchanges and Clearing (HKEX), aiming to raise between HK$300 million (US$38.3 million) and HK$400 million, according to people familiar with the matter. The conclusion of the hearing marked its initial public offering (IPO) plan entering its final stage, and the company planned to kick off the offering in October, the sources said, who asked not to be named because...

Hong Kong’s Securities and Futures Commission (SFC) has directed the stock exchange to suspend trading of US-based biotech firm Cloudbreak Pharma pending an investigation into its US$78 million initial public offering (IPO) last year. “The SFC has serious concerns that Cloudbreak’s initial public offering may have been rigged to create an artificial impression of demand for Cloudbreak’s shares,” the SFC said in a statement on Thursday. The regulator considered the suspension “necessary or...

A 177% debut surge on Wednesday by Excelland Robotics Wuxi Co. is putting a spotlight on Hong Kong’s rules for allocating shares in initial public offerings after the listing left almost 94% of the shares in institutional hands despite strong demand from retail investors.

Hong Kong’s boom in initial public offerings has turned getting shares in the hottest deals into something of an invitation-only affair.

Chinese artificial intelligence start-up Moonshot AI – developer of the leading Kimi K3 model – has confidentially filed for an initial public offering in Hong Kong, according to two people with knowledge of the matter, as the firm seeks to tap public markets to fund its rapid expansion. The Beijing-based company was targeting a Hong Kong listing as early as the first quarter of 2027, the sources told the South China Morning Post, asking not to be identified as the information was private. The...

When two of China’s leading AI pioneers went public in Hong Kong in January, they pitched investors on a shared promise: capturing the explosive demand for artificial intelligence at home and abroad. Their first-half earnings, however, suggest that narrative could be splintering into two different trajectories. While Beijing-based Z.ai, also known as Zhipu AI, is winning over market analysts on the back of surging revenue and top-tier model performance, its Shanghai rival MiniMax is facing...